Congratulations, you just explained a housing bubble.

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Mar 1, 2021
2:51:48pm

rad dawg All-American

Congratulations, you just explained a housing bubble.

What Is a Housing Bubble?

A housing bubble is a run-up in home prices fueled by demand, speculation, and exuberance, which bursts when demand falls while supply increases.

https://www.investopedia.com/terms/h/housing_bubble.asp

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rad dawg

Bio page: rad dawg
Joined: Nov 7, 2010
Last login: May 19, 2024
Total posts: 12,800 (48 FO)

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Messages

Author

Time

The average home price in Rose Park is the same as Draper in 2015.

rad dawg

3/1/21 2:08pm

Isn't Rose Park becoming somewhat gentrified? Not saying it isn't crazy

P-Boy Squad

3/1/21 2:12pm

The bubble needs to pop

germ1

3/1/21 2:27pm

Why do we think this is a bubble? It's not 08 again. People with cash want to

dezzy

3/1/21 2:37pm

Why do you think it's a bubble? It's basic supply and demand. You have thousands

macdizzle

3/1/21 2:41pm

Congratulations, you just explained a housing bubble.

rad dawg

3/1/21 2:51pm

Fair point. I just meant that it's not an artificial housing bubble fueled by

macdizzle

3/1/21 3:04pm

It’s a bubble fueled by cheap debt

WDaddy

3/1/21 3:54pm

Home in our neighborhood in Herriman just sold for

macdizzle

3/1/21 2:35pm

Only $25k over asking? They got robbed!

gangbusters

3/1/21 3:01pm

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